The Limited Times

Now you can see non-English news...

Hongxin, the Chinese semiconductor champion, stillborn

2021-04-11T22:01:46.633Z

STORY - With financial support from the Wuhan district, the chipmaker had everything it needed to succeed ... and yet.



Beijing

At the end of a deserted avenue in the suburbs of Wuhan, a few stationary cranes and unfinished buildings ... This is all that remains of Hongxin, a Chinese group that dreamed of being the champion of semiconductors, those electronic components whose global shortage affects the automotive industry, smartphone manufacturers and even video game console producers.

Read also:

Can Europe become a semiconductor champion?

Established in 2017, Hongxin (HSMC) aspired to compete with SMIC, China's largest refiner, producing 30,000 wafers per month (

wafers

, English) for chips 14 nanometers by 2022 and 7 nanometers (more finely engraved) the following years.

The investment was estimated at 128 billion yuan (16.5 billion euros).

This project was set up when China realized the importance of strengthening its own sector in order to reduce its dependence on foreign suppliers and to protect itself from American sanctions.

To make up for its technological backwardness estimated at two

This article is for subscribers only.

You have 74% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-04-11

You may like

Business 2020-11-22T20:18:14.757Z
Business 2021-04-23T00:42:20.982Z
News/Politics 2021-02-20T09:49:15.395Z
Business 2020-12-18T15:46:53.574Z

Trends 24h

Latest

© Communities 2019 - Privacy